Baba Advance Materials (BAML), a wholly owned subsidiary company of Acutaas Chemicals has entered into a joint venture agreement with J & Materials Co., a South Korean Company, whereby BAML shall hold 75% of the share capital of the joint venture company Indichem Inc. (JV Company) a South Korean Company and the remaining 25% of the share
capital of the JV Company will be held by J & Materials Co.
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